Prestige Parklane Project Schedule

Prestige Parklane project schedule runs from a construction start of 01 October 2026 to a proposed completion of 31 December 2030, with possession planned for 06 January 2031. Those are not marketing estimates. The start and completion dates are declared to Karnataka RERA under registration PRM/KA/RERA/1251/309/PR/150926/008941, which makes them commitments the promoter can be held to rather than ambitions.

The Schedule, Date by Date

13 August 2026: Building plan DO3-KIADB-00128/26-27/BP approved by KIADB.

15 September 2026: Karnataka RERA registration granted for Phase 1.

20 September 2026: Project launch, when the formal price list and inventory are released.

01 October 2026: Project start date declared to RERA, when apartment construction begins.

31 December 2030: Proposed completion date declared to RERA.

06 January 2031: Planned possession, following completion and handover formalities.

The sequence is worth pausing on. Plan approval came first, then registration, then launch, then construction. A project that markets before securing its plan is asking buyers to commit to a building with no legal permission to exist. Here each step preceded the next.

Four Years of Construction: Is That Normal?

From 01 October 2026 to 31 December 2030 is a little over four years. For nine towers of twenty-four floors over three basement levels, totalling 1,788 apartments and 249,535 sq. m. of built-up area, that is a realistic programme rather than an optimistic one.

Basement work is slow: Three basement levels across nine towers means substantial excavation and retention before anything rises above ground.

Superstructure: Twenty-five slabs per tower, nine towers, is a large volume of structural work even for a contractor of Larsen & Toubro’s scale.

Finishing and services: Fit-out, lifts, fire systems and external works typically consume the last year of a programme like this.

Statutory clearances: Occupancy certification sits between completion and possession, which is part of why possession follows completion by a few days on paper and often longer in practice.

Completion Versus Possession: The Difference That Catches Buyers Out

The filing gives 31 December 2030 as completion and the project gives 06 January 2031 as possession. These are different milestones and conflating them causes genuine misunderstanding.

Completion means the building is finished and certified as such.

Possession means keys are handed to you, which follows the occupancy certificate and the settlement of your final account, including any outstanding charges.

Under RERA, if the promoter fails to hand over by the agreed date, a buyer may withdraw and claim a refund with interest, or remain and claim interest for every month of delay. The date in your agreement for sale is the one that governs your remedy, so check that it matches the RERA declaration before signing.

How to Track Whether the Schedule Is Holding

Follow the Form 3 certificates: The project engineer certifies the stage actually reached, and those certificates are filed on the RERA portal.

Watch quarterly updates: Promoters must report progress to the authority through the life of the project.

Ask for dated site photographs rather than renders, and note how recent the latest set is.

Match instalments to stages: On a construction-linked plan, confirm the certified stage before paying.

Prestige Parklane Project Schedule at a Glance

Frequently Asked Questions